WASHINGTON — Maryland plans to competitively sell $803 million of general obligation bonds on Wednesday, the state’s biggest transaction ever. Investors are expected to snap up the bonds even as large deals in other states were delayed last week amid rising municipal yields.

Maryland expects to issue new-money debt for projects ranging from schools to jails, and will issue refunding debt to capitalize on low interest rates. State Treasurer Nancy K. Kopp said she expects to save about $23 million with the refunding deal.

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